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Insurance Broker Services

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Bid Information

Bid Alert No: 00000524576

Bid Title: Insurance Broker Services

Agency Bid No. Title: Not Stated

Received Date: 03/25/2016

Close Date: 05/16/2016

Purchase Type: 3 year term

Delivery Point:

Delivery Date: Not Stated

Special Notices: Questions Due By 04/15/2016


Specifications include, but are not limited to:OCERS seeks one or more qualified insurance broker firm(s) to perform the following insurance broker services: 1. Perform a full range of services to design and develop custom insurance plans, recommend and present the plan to the Board of Retirement, successfully market the approved plan to qualified insurance providers, assist to implement the plan and provide full service in the binding and maintenance of insurance policies. 2. The process for designing and developing a custom insurance plan should include discussions with OCERS staff and Board members regarding the agencys insurance needs as well as performing adequate due diligence about OCERS to ensure a thorough understanding of the agency as it relates to its exposure to various types of liabilities and risks. 3. The primary insurance coverage that OCERS is currently seeking is fiduciary liability insurance. The selected firm will design and recommend coverage specifications including coverage construction, limits of liability and retentions for fiduciary liability insurance packages that meet the needs of the agency and its officials. The selected firm will then solicit proposals of fiduciary liability insurance coverage and make recommendations to OCERS as to the most beneficial package available to best balance risk, premiums and any other factors recommended by the broker. 4. Review OCERS current business and evaluate other risks that can be economically insured against. Present the results of analysis to the Board of Retirement and make recommendations of other insurance packages that could be beneficial to OCERS. Some of the insurance coverage that should be reviewed are cyber liability coverage and employment practices liability

Bid Related Documents

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Product Code: 95356

Agency Information

Issuing Agency: Orange County Employees Retirement System (OCERS)

State: California

Agency Type: State and Local

Contact: 2223 E. Wellington Ave., Suite 100, Santa Ana, California, 92701



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